Big Macro Day β Watch the Charts, Traders!
Todayβs U.S. economic data could shake the markets β including $BTC and all cryptos π
πΉ Jobless Claims:
Low claims = stronger economy = delayed rate cuts = β οΈ bearish
High claims = Fed pivot hopes = π’ bullish
πΉ PMI (May):
Slower growth? Recession fears = traders may rotate into crypto
πΉ Home Sales (April):
Drop in sales = weaker economy = more Fed pivot talk
Why it matters:
Macro drives market mood. Strong data = caution. Weak data = risk-on β and crypto thrives on that. #BitunixAnalyst #RateCut #Macro
Todayβs U.S. economic data could shake the markets β including $BTC and all cryptos π
πΉ Jobless Claims:
Low claims = stronger economy = delayed rate cuts = β οΈ bearish
High claims = Fed pivot hopes = π’ bullish
πΉ PMI (May):
Slower growth? Recession fears = traders may rotate into crypto
πΉ Home Sales (April):
Drop in sales = weaker economy = more Fed pivot talk
Why it matters:
Macro drives market mood. Strong data = caution. Weak data = risk-on β and crypto thrives on that. #BitunixAnalyst #RateCut #Macro
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